Orono home prices fall in January 2020

Medium realestate5

The median sale price of a home sold in January 2020 in Orono fell by $254,500 while total sales decreased by 62.5%, according to BlockShopper.com.

In January 2020, there were three homes sold, with a median sale price of $233,500 - a 52.2% decrease over the $488,000 median sale price for the same period of the previous year. There were eight homes sold in Orono in January 2019.

The median sales tax in Orono for the most recent year with available data, 2015, was $5,930, approximately 2.5% of the median home sale price for January 2020.

The following table compares Orono to other Hennepin County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Richfield
21
26
-19.2%
$274,000
$226,500
21%
Champlin
18
15
20%
$264,950
$264,000
0.4%
New Hope
6
15
-60%
$252,450
$240,000
5.2%
Hopkins
10
8
25%
$245,625
$314,500
-21.9%
Brooklyn Park
45
68
-33.8%
$245,000
$231,500
5.8%
Rogers
5
9
-44.4%
$233,750
$361,000
-35.2%
Orono
3
8
-62.5%
$233,500
$488,000
-52.2%
Crystal
13
21
-38.1%
$220,450
$200,000
10.2%
Robbinsdale
19
14
35.7%
$207,500
$202,500
2.5%
Brooklyn Center
16
39
-59%
$199,500
$173,900
14.7%
St. Anthony
2
5
-60%
$194,707.50
$285,500
-31.8%

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